Please see the details that follow for more information on Super Saturday.
Any teams signed up by the February 5 deadline but who elect not to present are still eligible to receive reimbursement of up to $1,000 of legitimate experimentation expenses. However, if you choose NOT to present to judges on Super Saturday, you must still turn in an executive summary on April 3 to be eligible for this reimbursement.
Any team is eligible to submit a plan and present, even if you did not enter by February 5. However, you will not be eligible for experimentation expense reimbursement.
First Round Judging Overview
First round judging for the business track will take place on Super Saturday, April 5 from 8:30 AM until 1:00 PM.
All NVC Business Track teams will make live presentations to a panel of judges in an environment designed to simulate a 30 minute “pitch” meeting with potential investors. Teams will be evaluated based on their business concept, plan to execute, and the extent to which they have validated key assumptions of their model. By Friday, April 4 at 1:00 PM, each team will receive an email with their assigned presentation time and room assignment.
Please plan to spend 30 minutes with a panel of judges as follows:
||15 Minute Team Presentation to Judges|
||15 Minutes of Q&A and Feedback|
Following the First Round judging on Super Saturday, 10 Semi-Finalist teams will be selected to proceed to the next round of evaluation in the Business Track.
Judges & Judging Criteria
Approximately 100 judges will help evaluate NVC Business Track entries as part of First Round judging on Super Saturday. The pool of judges will be comprised of investors, successful entrepreneurs, and a variety of experts. We attempt to match your entries/teams with a panel of judges with experience in a related domain area (e.g. software business ventures will be judged by venture capitalists active in the software space).
If you believe judges from any particular investment firm or company would have a conflict and should not see your presentation, please contact email@example.com no later than March 25, 12:00 noon.
Information regarding First Round judges will not be distributed prior to Super Saturday. Following the judging, all teams will be provided with a list of the judges that participated.
Judges will be asked to evaluate plans based upon their likelihood of actually becoming the basis of a viable business. This consideration, in turn, will include such factors as the degree of creativity and innovation embodied in the basic opportunity definition and business concept, the appropriateness of the strategy for exploiting the opportunity, the reasonableness of the plan for financing the business, the team’s ability to actually implement the plan, and the extent to which the team has validated key assumptions. Judges will make further distinctions based upon the potential of the business to create value although they will be explicitly instructed not to use the typical “venture capitalist” hurdle in evaluating the absolute size of the capital investment required to fund the business.
The required hard copy deliverables* for Super Saturday must include all elements outlined here.
Deliver all to Rock Center 107 by 12:00 noon on Thursday, April 3, 2014.
- To maintain eligibility in the Competition, you must submit:
- (10) ten copies of your team’s Executive Summary
- with the required Cover Sheet on each copy, stapled
- not to exceed 30 8.5 x 11" pages
- (1) one copy of the slide deck presentation
Finals judges use only your hardcopy deliverables to narrow the 10 semi-finalists down to 4 finalists, so your slide deck and executive summary must be able to stand on their own.
While determining the format of the 15 minute presentation is up to each individual team, each group should develop materials with the objective of communicating their plan in a clear and concise manner. Judges will receive your executive summaries on the morning of Super Saturday, immediately prior to your presentation. Careful thought should go into the planning and development of your live presentation since each group will only have 15 minutes to present a compelling argument as to the unique merits of its proposed venture.
You may have one or more of the team members present, but you should make your choice about how to handle this based upon your sense of how to most effectively communicate your plan to the judges. For teams with HBS and non-HBS team members, at least one HBS team member is required to be present, and the role(s) of the HBS students should be made clear.
Each of the classrooms used for judging will be equipped with an overhead projector and basic computer functionality. It is the responsibility of each team to bring any additional physical presentation resources they may require to the presentation as the New Venture Competition Organizing Committee will not be able to accommodate special requests. Teams are also encouraged not to rely on special computing needs or presentations that are exclusively computer-generated, i.e., we would strongly suggest that you bring a hard copy of the PowerPoint and be prepared to use the overhead projector/document camera if there are any computer glitches. Very limited technical assistance will be available during the judging and each minute spent attempting to configure technical resources to function in Aldrich will be subtracted from the team’s 15 minute presentation time.
On Thursday and Friday, 4/3 & 4/4 from 3:30-7:30 pm we have reserved Aldrich 108 if you wish to “test drive” the A/V equipment. This is not intended as a dry run of the presentation, but simply an opportunity to test the equipment. Please do not take any more than 10 minutes to allow time for everyone to have this opportunity.
Teams are naturally concerned about the confidentiality of their plans. There are several things that we would encourage you to do to help preserve the confidentiality of your plan. Note that all of the judges are individuals who are active in the venture community and are used to preserving the confidentiality of ideas. We have asked them to treat your plans with the same respect as those they would encounter in the course of their business.
You may – if you wish – collect the copies of your executive summary at the conclusion of your presentation to the judges’ panel. We will inform the judges that we have allowed teams to do this, so that they will not be surprised if you do request your plans back.
If you believe judges from any particular investment firm or company would have a conflict and should not see your presentation, please contact the firstname.lastname@example.org no later than March 25, 12:00 noon.
Each team that participates in the First Round judging on Super Saturday will receive feedback on their plan and presentation.
Each team will receive a brief written compilation of the judges commentary on their plan within one week of the Super Saturday event. While this commentary is not meant to be prescriptive (i.e. don’t assume that if you address the issues mentioned in your feedback form that your venture will receive funding), it will provide teams with some feedback so that they can refine their plan or presentation style to increase their effectiveness in the pursuit of real-world opportunities.
Notification of which ten teams were selected to advance to the Semi-Final Round will be announced to all Super Saturday participants via email as soon as they have been compiled (i.e. by Saturday evening).
Questions & Information